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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: umbro who wrote (70046)11/4/1999 10:45:00 AM
From: BSGrinder  Respond to of 132070
 
John Berry, of the Washington Post, said this morning that the Fed is signaling that it won't make a move on Nov 16. Berry is considered by many to be the unofficial mouthpiece of AG. Here is the story:
washingtonpost.com



To: umbro who wrote (70046)11/4/1999 11:02:00 AM
From: Knighty Tin  Read Replies (2) | Respond to of 132070
 
Umbro, The idea that three rate rises reverses last year's recklessness is nonsense. First, AG pulled a Pearl Harbor on the rate cuts, which has much more impact than telegraphed rate rises. And, secondly, even when raising rates, AG keeps pouring liquidity into the system. So, as I've said before, even while he threatens to remove the punch bowl at the party, he is selling crack cheap in the other room.


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